Households across the UK cut back on how often they eat out at restaurants. Which sequence of effects best shows how the main economic groups depend on one another?
The government chooses which meals restaurants serve next, so households go back to eating out as often as before
Restaurants keep their output unchanged, so neither their earnings nor the government's tax revenue is affected
Restaurants serve fewer meals and cut output, so the government collects less tax from their sales and earnings
Restaurants raise their prices to protect profit, so households gain more satisfaction from the same income
77 exam-style questions on OCR GCSE Economics 1.1 Main economic groups and factors of production, covering 1.1.1 Role of main economic groups and 1.1.2 Factors of production. Each one has a worked solution and a mark scheme showing where the marks go.